Ecobank and Google Cloud yesterday announced a collaboration aimed at transforming financial services with advanced analytics and AI and driving digital empowerment across Africa.

Through this collaboration, Ecobank planned to leverage Google Cloud’s cutting-edge technology to deliver innovative payment and remittance solutions that are frictionless, secure and universally accessible, empowering individuals and businesses across the continent and beyond.

This collaboration will focus on leveraging Google Cloud’s advanced technologies and AI to enhance Ecobank’s digital offerings to accelerate the digital transformation of the bank, a statement said.

The partnership agreement is designed to empower individuals, support the growth of small and medium-sized enterprises (SMEs) in the region, and contribute to the overall economic development of Africa.

This partnership is intended to deliver substantial benefits such as enhancing financial accessibility: The collaboration will strive to simplify and streamline money transfers, both domestically and across borders.

This will be supported by Google Cloud’s scalable infrastructure and advanced API solutions, such as Apigee, aiming to make financial transactions faster, more affordable and accessible for more people, facilitating crucial support for families and smoother commercial activities for businesses.

It will also empower African businesses – a core objective of the collaboration is to explore ways to bolster the continent’s entrepreneurial ecosystem.